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Ascending Triangle of Dow Jones: http://niftychartsandpatterns.blogspot.com/2011/07/ascending-triangle-of-dow-jones.html

That would be a wise thing to do, if the people elected actually cared about the public… but they don’t.  They will do what’s best for them… nothing, and then lie about how they supported the pension fund, and voted against cutting funding to it.  It’s all just a game they play, where they make their decisions based on always having an “out”, or back door to say they didn’t support tax increases, but they really do.  They are all lying gangsters, only looking to get re-elected for the next term.

When they all met together like that it usually means a big move is coming.  Since they are currently below the price level today they will act as a necktie of support.  I’d say this market is going to tank around that August 2nd deadline date.  The charts say it will, regardless of what is said or done about the debt issue.

HEY RED, The vix’s 20,50 and 200 day moving avg are all meeting on the daily. Haven’t seen this in a while. Collapse possible? Whats your thoughts.

They should focus more on the pension problem first instead of figuring out ways to make credit easier because over the long term we will end up in the same boat; http://rocsinvestmentaccount.webs.com/

ES Bear flag : http://niftychartsandpatterns.blogspot.com/2011/07/es-bear-flag-and-hourly-chart.html

Thanks…. and do stop by the chatroom from time to time.  I still haven’t got the avatar problem fixed, but it’s not really that important for right now.

http://stockmarketbloggers.com/chat/

i’m pretty happy with the way my overnight index chart signals, have been lining up, and predicting the next move, which on friday, they said big down tend day coming, within 48 hours, but actually heavily favored the move to happen on Monday. dow futures down 111… bingo!
they give both weak and strong signals. i’ll let you know when the next strong signal shows up.

I’m uploading a new video for the new post right now.  I should be done in less then 30 minutes.